BCLP has advised Van Tuyl Companies (VTC), a privately held, Arizona-headquartered investment company specializing in the automotive sector, on its minority investment into DeGould Limited, a privately held British engineering and software company. DeGould specializes in delivering AI-led solutions based on real data to the automotive industry, most notably their automated vehicle imaging solutions, which have been installed with a number of leading original equipment manufacturers and supply chain partners across the world.
The capital injection will be used to enhance DeGould’s product offering with a focus on AI development to strengthen the capabilities of its “Auto-scan” and “Auto-image” systems, to meet the current global rollout demands for modular Auto-scan booths and to explore new applications for its market-leading automated vehicle imaging technology.
As part of the investment, Mark McNabb of VTC joins the DeGould board, having previously held several senior automotive roles including with Mercedes Benz US, Nissan, GM, Maserati and Volkswagen North America. McNabb said: “I am excited about the company and the technology they have brought to market. I believe digital imaging and inspections are the future of damage detection and will have a profound impact from the point of production all the way through the finished vehicle logistics chain.”
BCLP’s client relationship partner to VTC is Phoenix, Ariz.-based Lars Lagerman. Advice on the matter was led by Partner Jonathan Morris and Associate Director Laura Patao-Caminas (both M&A and Corporate Finance, London).
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